Jul 29, 2011 5:00pm PDT
of the rest is because of the unfunded wars in iraq and afghanistan, started in the bush term which the first wars in american history that they didn't raise taxes to pay for. >> and in fairness, a lot of it is because of our economy has taken a tremendous nose dive. >> that's right. the economy has taken a nose dive. not because of any great spending splurge by the obama administration which didn't occur. >> so if you don't see a clear path forward right now, you have been there a while. you know how this sort of stuff works. how do we fashion such a path? >> the only way to fashion such a path -- let me say one thing. you have to understand how bad the boehner plan or anything they are insisting on is. i've seen too much commentary saying boehner and reid aren't that far apart, which is nonsense. the second half of getting the debt ceiling raised is dependent on a second $1.6 trillion spending cut, almost entirely from entitlements, you will have already eviscerated the direct spending part. you have to make draconian cuts in medicare, medicaid, and democrats cannot stand for that, period.